Welcome to our dedicated page for Intuit news (Ticker: INTU), a resource for investors and traders seeking the latest updates and insights on Intuit stock.
Intuit Inc. (NASDAQ: INTU) drives innovation in financial management software through products like QuickBooks and TurboTax. This news hub provides investors and professionals with essential updates about the company's strategic initiatives, product enhancements, and market position.
Access real-time announcements including earnings reports, leadership changes, and technology partnerships. Our curated collection features official press releases alongside verified analysis to help you track Intuit's evolution in accounting solutions, tax automation, and small business ecosystems.
Key coverage areas include quarterly financial results, regulatory filings, product launches like Credit Karma integrations, and corporate responsibility initiatives. All content is organized chronologically for efficient research and due diligence.
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Intuit's Mint app has extended its partnership with Rocket Mortgage, enabling users to secure home loan approvals entirely within the Mint app. This integration allows for a streamlined experience, reducing the approval time to as little as eight minutes. Users can leverage their Mint account information to expedite applications, thus simplifying the mortgage process. The partnership aims to empower buyers in a competitive housing market by providing quick and easy access to mortgage financing.
Intuit Inc. (Nasdaq: INTU) released its 2021 Tech Talent Report based on a survey of over 500 Canadian tech workers, highlighting optimism about Canada's role in global tech innovation. The report shows that 80% of respondents believe Canada's tech industry contributes significantly to innovation, with a GDP of $94 billion, making up 5% of the national economy. There is a strong preference for remote work, with 86% favoring it post-COVID-19. Diversity and inclusion remain priorities, yet 70% believe hiring practices need improvement. Intuit's Prosperity Accelerator program aims to enhance tech talent engagement.
Intuit has introduced the DocuSign eSignature Connector by QuickBooks, enabling small businesses to digitally sign estimates directly from QuickBooks Online Advanced. This integration is expected to save users an average of $36 per contract by enhancing efficiency and reducing manual processing time. The feature aims to streamline sales and improve productivity, helping businesses quickly transition from quote to cash. It is part of QuickBooks' strategy to integrate various applications to provide a comprehensive business solution for midsize enterprises.
Michelle Clatterbuck, CFO of Intuit, will present at the Morgan Stanley Technology, Media and Telecom Virtual Conference on March 2. The presentation is scheduled for 9:30 a.m. Pacific time (12:30 p.m. Eastern time) and will be available live via audio webcast on Intuit's investor relations website. A replay will be accessible approximately 24 hours post-event.
About Intuit: A global technology platform, Intuit supports millions with financial solutions like TurboTax, QuickBooks, Credit Karma, and Mint.
Michelle Clatterbuck, CFO of Intuit, will present at the Morgan Stanley Technology, Media and Telecom Virtual Conference on March 2 at 9:30 a.m. PT (12:30 p.m. ET). The event will be accessible via live audio webcast on Intuit’s investor relations site. A replay will be available approximately 24 hours after the presentation. Intuit, known for its solutions like TurboTax, QuickBooks, Credit Karma, and Mint, aims to empower customers to overcome financial challenges.
Intuit Inc. (Nasdaq: INTU) reported Q2 FY21 results ending Jan. 31, with total revenue of $1.576 billion, down 7% year-over-year. The Small Business and Self-Employed Group grew revenue 11% to $1.1 billion while Online Ecosystem revenue increased 22% to $644 million. However, the Consumer Group saw a sharp decline in revenue, dropping 71% to $147 million, due to a later IRS opening. Credit Karma contributed $144 million in revenue following its acquisition. Despite challenges, the company remains optimistic about its A.I. strategy.
The Canada Revenue Agency has opened its electronic filing service, marking the start of tax season. TurboTax, a product of Intuit (Nasdaq: INTU), is launching a new campaign featuring human tax experts to assist Canadians with their tax filings. The initiative includes the 'Little Lifts' campaign aimed at helping those financially impacted by COVID-19, starting with a concert on February 22. TurboTax offers services like TurboTax Live, providing real-time support for various tax situations. The campaign emphasizes support for individuals facing major life changes during this tax season.
Intuit (Nasdaq: INTU) has launched #LeadingConEducación, a program aimed at empowering Latino students through educational grants and scholarships for higher education. In collaboration with the Hispanic Heritage Foundation, the initiative will also include financial education webinars and resources. Intuit's Vice President, David Zasada, highlights the commitment to addressing inequalities and improving career readiness within underrepresented communities. Applications for educational grants are open until April 30, 2021. This effort aligns with Intuit's goal of enhancing financial opportunities for young Latinos.
Credit Karma has expanded its Money Spend checking account availability, integrating with TurboTax. This allows users who file taxes through TurboTax to have their tax refunds deposited directly into their Credit Karma Money Spend accounts. The integration aims to help consumers manage their finances better by avoiding fees and enhancing cash flow with features like early access to funds. Since launching in beta, users with Credit Karma Money Spend accounts are highly engaged, returning two to three times more than those without.
Intuit Inc. (Nasdaq: INTU) reported lower-than-expected revenue and operating income for its second fiscal quarter due to the IRS delaying the tax season start. The company anticipates revenue of $1.570 billion to $1.575 billion, down from $1.935 billion to $1.965 billion, and a GAAP operating loss of $30 million to $25 million, a drop from GAAP operating income of $171 million to $191 million. Despite this, Intuit maintains its full-year guidance, expecting revenue of $8.810 billion to $8.995 billion, with a projected growth of approximately 15 to 17 percent.
